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Australian (ASX) Gold Industry Analysis
UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies151
- 7D-3.5%
- 3M25.1%
- 1Y98.3%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 4.4%, driven by a pullback from Evolution Mining of 6.8%. Meanwhile, Alkane Resources actually outperformed within the industry, gaining 6.0% in the last week. This takes the industry's 12 month performance to a gain of 96%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | AU$178.8b | AU$28.2b | AU$5.4b | 25.1x | 32.9x | 6.3x |
| Sun, 18 Jan 2026 | AU$174.1b | AU$26.4b | AU$4.6b | 28.6x | 38x | 6.6x |
| Tue, 16 Dec 2025 | AU$155.9b | AU$26.4b | AU$4.6b | 26.9x | 34.1x | 5.9x |
| Thu, 13 Nov 2025 | AU$148.5b | AU$26.4b | AU$4.6b | 24.6x | 32.4x | 5.6x |
| Sat, 11 Oct 2025 | AU$142.0b | AU$26.4b | AU$4.6b | 22.5x | 31x | 5.4x |
| Mon, 08 Sep 2025 | AU$121.5b | AU$26.8b | AU$4.9b | 18.8x | 25x | 4.5x |
| Wed, 06 Aug 2025 | AU$96.8b | AU$22.4b | AU$3.2b | 16.8x | 30.3x | 4.3x |
| Fri, 04 Jul 2025 | AU$102.4b | AU$22.3b | AU$3.1b | 16.9x | 32.8x | 4.6x |
| Sun, 01 Jun 2025 | AU$108.1b | AU$22.3b | AU$3.1b | 20.3x | 34.9x | 4.8x |
| Tue, 29 Apr 2025 | AU$92.0b | AU$22.2b | AU$3.0b | 19x | 30.5x | 4.2x |
| Thu, 27 Mar 2025 | AU$83.1b | AU$22.2b | AU$3.0b | 17.4x | 27.4x | 3.8x |
| Sat, 22 Feb 2025 | AU$79.2b | AU$20.7b | AU$2.8b | 18.9x | 28.6x | 3.8x |
| Mon, 20 Jan 2025 | AU$77.4b | AU$18.7b | AU$1.8b | 20.8x | 42.3x | 4.1x |
| Wed, 18 Dec 2024 | AU$72.9b | AU$18.6b | AU$1.8b | 22.3x | 40.2x | 3.9x |
| Fri, 15 Nov 2024 | AU$69.5b | AU$18.5b | AU$1.8b | 17.9x | 38.4x | 3.8x |
| Sun, 13 Oct 2024 | AU$69.2b | AU$18.4b | AU$1.8b | 21.5x | 38.7x | 3.8x |
| Tue, 10 Sep 2024 | AU$61.7b | AU$18.3b | AU$1.7b | 20.2x | 37.2x | 3.4x |
| Thu, 08 Aug 2024 | AU$59.6b | AU$16.1b | AU$1.1b | 23.2x | 54x | 3.7x |
| Sat, 06 Jul 2024 | AU$56.9b | AU$16.0b | AU$1.1b | 22.3x | 53.1x | 3.6x |
| Mon, 03 Jun 2024 | AU$59.9b | AU$17.1b | AU$1.2b | 21.1x | 50.5x | 3.5x |
| Wed, 01 May 2024 | AU$59.3b | AU$17.2b | AU$1.2b | 21.8x | 49.6x | 3.5x |
| Fri, 29 Mar 2024 | AU$55.4b | AU$16.9b | AU$1.2b | 18.7x | 45.3x | 3.3x |
| Sun, 25 Feb 2024 | AU$47.5b | AU$16.2b | AU$915.4m | 19.7x | 51.9x | 2.9x |
| Tue, 23 Jan 2024 | AU$71.3b | AU$22.9b | AU$1.3b | 22.8x | 52.9x | 3.1x |
| Thu, 21 Dec 2023 | AU$76.7b | AU$22.9b | AU$1.3b | 26.7x | 57x | 3.3x |
| Sat, 18 Nov 2023 | AU$71.2b | AU$22.9b | AU$1.4b | 22.1x | 52.6x | 3.1x |
| Mon, 16 Oct 2023 | AU$69.4b | AU$23.1b | AU$1.4b | 21.7x | 50.3x | 3x |
| Wed, 13 Sep 2023 | AU$69.0b | AU$22.9b | AU$1.4b | 18.9x | 49.5x | 3x |
| Fri, 11 Aug 2023 | AU$68.3b | AU$22.4b | AU$568.6m | 17.4x | 120.2x | 3x |
| Sun, 09 Jul 2023 | AU$68.7b | AU$22.3b | AU$554.3m | 16.2x | 124x | 3.1x |
| Tue, 06 Jun 2023 | AU$72.5b | AU$22.4b | AU$593.6m | 17.7x | 122.1x | 3.2x |
| Thu, 04 May 2023 | AU$75.8b | AU$22.3b | AU$579.4m | 19.6x | 130.8x | 3.4x |
| Sat, 01 Apr 2023 | AU$70.4b | AU$22.3b | AU$574.2m | 15.8x | 122.6x | 3.2x |
| Mon, 27 Feb 2023 | AU$60.1b | AU$22.3b | AU$572.9m | 16.8x | 105x | 2.7x |
Price to Earnings Ratio
105x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 33.6x which is lower than its 3-year average PE of 61.8x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 109% per year over the last three years.
- Revenues for these companies have grown 7.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 0.31% | |
| Materials | -1.10% | |
| Metals and Mining | -1.01% | |
| Gold | -3.52% | |
| Diversified Metals and Mining | 1.09% | |
| Aluminum | -1.33% | |
| Copper | -3.18% | |
| Steel | -4.39% | |
| Precious Metals and Minerals | -9.13% | |
| Silver | -9.14% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALK Alkane Resources | AU$1.68 | 6.0% +AU$129.8m | 164.6% | PE27.1x | |
| CYL Catalyst Metals | AU$7.99 | 3.9% +AU$78.2m | 92.1% | PE22.5x | |
| KCN Kingsgate Consolidated | AU$5.83 | 4.7% +AU$69.5m | 333.5% | PE52.9x | |
| RRL Regis Resources | AU$8.44 | 0.7% +AU$45.4m | 174.9% | PE25.1x | |
| TM1 Terra Metals | AU$0.41 | 15.5% +AU$43.5m | 1,266.7% | PB43.2x |
